Marcus & Millichap Arranges the Sales of Two Worcester Industrial Buildings

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WORCESTER, MA – Marcus & Millichap announced the sales of two properties in Worcester, Massachusetts.

50 Richland Street, a 75,000 square foot educational property sold for $2,450,000. Nearby 26 Cambridge Street, a 21,832-square foot industrial property sold for $625,000, according to Thomas Shihadeh, regional manager of the firm’s Boston office.  

Harrison Klein, an investment specialist in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a developer, was secured and represented by Harrison Klein and Mark Lyman, investment specialists in Marcus & Millichap’s Boston office. 

Mark Lyman commented, “These two transactions couldn’t be more different but are both good testaments to the strong activity we are seeing in Worcester right now. We’re excited to get these to the finish line and continue doing business in this city.” Harrison Klein adds, “This marks The Klein Group’s seventh and eight closings in Worcester in under two years. The resiliency of this market through Covid-19 is a testament to the strength of the urban renewal boom that has revitalized Worcester over the past decade.”